Anti-Money Laundering

Japan Cabinet Passes Bill to Strengthen AML System

18/10/2022

Crypto exchanges will be obliged to share information on users and screen customers against sanctions lists.

PEPs & Sanctions

HSBC Suspends Investment Services for Russian Clients in Hong Kong

18/10/2022

HSBC has reportedly sent a letter to most of its Russian retail clients in Hong Kong saying it is unable to provide them investment services because of sanctions imposed by the EU.

Trading & Investment

CME Group to Launch USD-denominated TOPIX Futures

18/10/2022

The new contract is designed to complement the existing JPY-denominated TOPIX futures contract launched in February 2018.

Credit Risk

HKMA Revises Return Templates to Streamline Bank Reporting

18/10/2022

Banks are no longer required to report their top ten non-bank Mainland China exposures on an aggregate basis.

Payments & Settlements

US FTC Expands Competition Probe Into Visa, Mastercard

18/10/2022

The FTC is investigating whether the security technology used by Visa and Mastercard raises the likelihood that payments over different networks will be rejected.

Clearing & Post-Trade

DBS Becomes LCH SwapClear’s First Direct Member in Singapore

18/10/2022

DBS will be able to post Singapore government bonds as collateral, making LCH the first global offshore clearing house to accept the asset class as eligible collateral.

Cybersecurity

FSB Proposes to Standardise Global Cyber Incident Reporting

18/10/2022

The FSB also proposes to develop a common format for cyber incident reporting, to promote global convergence and better communication among authorities.

Sustainable Finance

HKMC Publishes Social, Green, Sustainability Financing Framework

17/10/2022

The framework will be used as the basis to structure and issue social, green and/or sustainability bonds and asset-backed securities, the HKMC said.

Cryptocurrency

ASIC Places Interim Stop Orders on Three Crypto Funds

17/10/2022

Holon has disclosed the risk that assets in the three funds could face a total loss of value. ASIC considers the funds not suited to the “wide target market” defined in the TMDs.